World and Turkish Pharmaceutical Market

World Pharmaceutical Market

The world pharmaceutical market reached 1.6 trillion USD in 2023. Türkiye ranked 19th in 2023.

Source: IQVIA Market Prognosis, Sep 2023

Turkish Pharmaceutical Market

Turkish Pharmaceutical Market (ex-factory prices)

The Turkish pharmaceutical market reached 324 billion TRY in 2024. During the same period unit sales reached 2,6 billion units.

Turkish Pharmaceutical Market
Source: IQVIA, İEİS

 

Originator vs. Generic Drugs

Originator – Generic Drugs on Value Scale (TRY -Billion)
Source: IQVIA, İEİS

Originator – Generic Drugs on Volume Scale (Unit - Billion)
Source: IQVIA, İEİS

Market Share of Originator vs Generic Drugs

Value Market Share                                                    Volume Market Share  
Source: IQVIA, İEİS

Import-Local Products

Import – Local Drugs on Value Scale (TRY - Billion)
Source: IQVIA, İEİS

Import – Local Drugs on Volume Scale (Unit -Billion)
Source: IQVIA, İEİS

 

Market Share of Import vs Local Drugs

Value Market Share                                                              Volume Market Share
Source: IQVIA, İEİS

Pharmaceutical Consumption by Therapeutic Class

Pharmaceutical Consumption in Value Terms by Therapeutical Class

Oncology represented the largest proportion by value, accounting for 17,2% of the total market. 

Source: IQVIA, İEİS
“Antibiotics: ATC groups of Antibacterial, Antimycotics and Antivirals”

Pharmaceutical Consumption in Volume Terms by Therapeutical Class

Antirheumatic drugs represented the largest proportion by volume, accounting for 11,8% of the total market.

Source: IQVIA, İEİS
“Antibiotics: ATC groups of Antibacterial, Antimycotics and Antivirals”

 

Biotechnological Products

Biotechnological products constituted 18,8% of prescription products with 60,9 billion TRY and 31,2 million units in 2024. The reference biotechnological pharmaceutical market grew by 66,4% to total 53,6 billion TRY. Biosimilar drugs market increased by 45,7% and reached 7,2 billion TRY.

Biotechnological Drugs on Value Scale (TRY- Billion)
Source: IQVIA, İEİS

Biotechnological Drugs on Volume Scale (Unit- Billion)
Source: IQVIA, İEİS

Foreign Trade

Pharmaceutical exports reached $2,3 billion in 2024.

Pharmaceutical Exports
Source: TurkStat, İEİS

Pharmaceutical Imports
Source: TurkStat, İEİS